Goods Mortgage
Under a Goods Mortgage you gain immediate ownership of the goods financed and pledge the goods by way of a mortgage as security for the loan.
Repayments may be structured to suit your business cash flow requirements including the provision of a balloon (lump sum) payment at the end of term. Security is generally limited to the goods being financed keeping your other business assets free for other purposes.
| Typical Assets | Motor vehicles, new plant and equipment including earthmoving, engineering, trucks, etc. |
|---|---|
| Minimum Amount | $20,000 |
| Term | Generally up to 5 years, assessed individually depending on the useful life of the asset |
| Interest Rate | Available upon request |
| Security | In most cases the acquired asset acts as the sole security. |
| Application Fee | Available upon request |
|---|---|
| Ongoing Account Keeping Fees | Nil |
Fees and charges apply. Terms and conditions available on request. Applications are subject to credit approval.
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